The stock market can be a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were your peak. If you’re immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Tech Companies
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades 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 transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Penny Stock Tech Companies
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to prove value to a community of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, via screenshots. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile and other methods to interact with your experts through 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 trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market can be seen as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Penny Stock Tech Companies
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent experts were 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: the 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 the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Tech Companies
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort and filter your trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their skills in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a problem for some who may be anticipating this level. Penny Stock Tech Companies
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users pick from a range of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes 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 variety of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Penny Stock Tech Companies
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Penny Stock Tech Companies
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful as they do their best to avoid loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Tech Companies
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import 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 manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
