Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. This review will be taking a look at Profit.ly, a well-recognized 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. 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 Ticker
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus and students and newsletter writers as well as) giving all users to be enlightened by both the wins and losses for the trading industry’s benefit. Penny Stock Ticker
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward success. You may set up an account there at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of experience. Penny Stock Ticker
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru has to 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 will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Ticker
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of 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 fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those anticipating this level. Penny Stock Ticker
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be laid back and less active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ 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 at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Penny Stock Ticker
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Penny Stock Ticker
What we do mean”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources to be helpful in their efforts to avoid losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Ticker
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.