Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your best. If you find yourself always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your improvement in the industry. We’ll take the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Penny Stock To Buy Now
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and encouraging each other through its broad array 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 serves both as a learning and training platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert 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 the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Penny Stock To Buy Now
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. You may set up an account on the site for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at how the community of traders performs and its gurus. It’s not just a way to prove your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because they can access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Penny Stock To Buy Now
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the prominent gurus 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: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock To Buy Now
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which might be a drawback for some who may be looking forward to this tier. Penny Stock To Buy Now
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to select from a variety of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly 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, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be more laid back and not very often active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. 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 treated as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock To Buy Now
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly worth it?
If we were able to 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 quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Penny Stock To Buy Now
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Penny Stock To Buy Now
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are 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 on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.