Stock trading can be a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Twitter
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade that help 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 validates trade performance 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 valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The concept, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students as well as) giving all users to gain insight into both the wins and losses for the trading industry’s benefit. Penny Stock Twitter
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, verified or not, via photographs. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is an avenue for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete with 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. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of expertise. Penny Stock Twitter
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 most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock Twitter
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you can create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a disadvantage for those anticipating this level. Penny Stock Twitter
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Penny Stock Twitter
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to offer
The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have curiosity. Penny Stock Twitter
What we mean”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Penny Stock Twitter
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.