Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your peak. If you are immersed in the water You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. This review will be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Top
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
What exactly 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 traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Penny Stock Top
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You may set up an account for free, but you’re only given the ability to navigate through 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 it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, as you can also use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity 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 can surely tell through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Penny Stock Top
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: the founder of the penny stock market 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to a 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 is known under the name “Superman,” is a professional in swing trading with 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 total trading profits. Penny Stock Top
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
In “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 the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you can create an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for some who may be eager to try this new tier. Penny Stock Top
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms 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, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be more laid back and not very often active, while another may be more interactive and online with their 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 diverse range of products and features caters to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, 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 does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock Top
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic 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 photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Penny Stock Top
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Penny Stock Top
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.