Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were at your peak. If you’re always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Penny Stock Tips
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward achievement. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its gurus. It’s not just a way to show your worth to a large group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms as well as 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 has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money through their years of experience. Penny Stock Tips
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Tips
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those 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 updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of The Novice package. It is in this plan that you can set up 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 will do what the name implies catering to those who desire to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which could be a problem for those who are anticipating this level. Penny Stock Tips
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. 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. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Penny Stock Tips
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from 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 as its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have an open mind. Penny Stock Tips
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock Tips
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does 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 in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
