Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you’re always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement within the field. This review will take a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Penny Stock Trading For Beginners
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two purposes: 1) making public records for everyone, not just the experts and newsletter authors and students and secondly) making it possible for all users to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Trading For Beginners
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward achievement. 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 people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove value to a community of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of experience. Penny Stock Trading For Beginners
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: the 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 offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for investors 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 rich library of more than 7,000 instructional videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Trading For Beginners
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits 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 your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from the novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that could be a problem for those anticipating this level. Penny Stock Trading For Beginners
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give 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
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips from events like 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 chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, 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. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Penny Stock Trading For Beginners
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- 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 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’s something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services the platform has to offer
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have curiosity. Penny Stock Trading For Beginners
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Trading For Beginners
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 which allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.