Stock trading can be a high-stakes game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you’re constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock Today
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 permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The concept, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) allowing all users to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Today
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing 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 experts in trading who have earned substantial amounts of money from their collective years of expertise. Penny Stock Today
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market 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’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Today
The Superman Alerts package is his 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 along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the 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 market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you are able to create an account that is private to share with other associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for some who may be looking forward to this tier. Penny Stock Today
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of 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 created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of 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. But in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Penny Stock Today
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Penny Stock Today
What we mean”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Penny Stock Today
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on 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 for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
