Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were your best. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation 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. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you to improve your performance in the market. This review will be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Penny Stock To Watch February 2021
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Penny Stock To Watch February 2021
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving success. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest 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 that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, by taking photographs. Also included 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 through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small companies to move to a market that is larger as they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, 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 platform for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of experience. Penny Stock To Watch February 2021
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through 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 moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: 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 monthly, it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock To Watch February 2021
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice 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 to this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check 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, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your actions public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for some who may be anticipating this level. Penny Stock To Watch February 2021
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create 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 looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of videos designed to inform and guide you through 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. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert 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 footage from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues 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 options to their maximum advantage to enhance their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Penny Stock To Watch February 2021
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stock To Watch February 2021
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus 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 Watch February 2021
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.