Stock trading can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you are always in the mud, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced 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, which is why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll 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. 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 Tips Today
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those 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. Providing users with a wide range of resources for communication and trade, it helps 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 a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Penny Stock Tips Today
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward achievement. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe 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 subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way to at the very top of the list. 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 experts. It’s not only a chance to show value to a community of traders. You are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can decide to share your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet Tim Sykes, 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 Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, 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 amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their collective years of knowledge. Penny Stock Tips Today
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Tips Today
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary 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 provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats this might be a drawback for those who are looking forward to this tier. Penny Stock Tips Today
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating your own private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can select from the products in its online store for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Tips Today
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep curiosity. Penny Stock Tips Today
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Tips Today
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.