Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your peak. If you’re immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly is a well-known single-stop social platform to trade!
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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all 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 accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Penny Stock Trading
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not only a chance to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with 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 well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit through their years of expertise. Penny Stock Trading
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Penny Stock Trading
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those anticipating this level. Penny Stock Trading
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is rarely active, while another may be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the risky mix associated with it. It is ideal to use 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 use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate 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 skill to others as a way to navigate them through the ever-changing trading process. Penny Stock Trading
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Penny Stock Trading
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources helpful as they do their best to reduce loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Trading
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are 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 the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
