Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Penny Stock Trading Software
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers as well as) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Penny Stock Trading Software
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community and its experts. You’re not just allowed to prove your worth to a group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with 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 his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and 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 place of 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 most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Penny Stock Trading Software
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict 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 on 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 highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Trading Software
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as the 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 market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. 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 next strategy.
The Trader package allows you to use a majority of features from the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Penny Stock Trading Software
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be more laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. 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 Software
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous features the platform is able to provide
The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Penny Stock Trading Software
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Trading Software
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking images, 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 cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of 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 operating tablets and smartphones.
How many people are on 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 grow and learn more about acquiring stock market opportunities both right and left.