Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were your best. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll 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.
Total Rating: 4.1/5 Penny Stock Traders
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) allowing all users to learn from both losses and wins to benefit the industry of trading. Penny Stock Traders
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders. You are also able to use Profit.ly to buy 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 idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate 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 has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small businesses to transition into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial profits from their combined years of experience. Penny Stock Traders
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the prominent 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: the 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 look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely 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 Traders
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might 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 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. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Penny Stock Traders
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, with 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only 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 maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short 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.
The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be more laid back and rarely engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Penny Stock Traders
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Penny Stock Traders
What we mean”yes” is it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stock Traders
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.