The stock market can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. 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.
Overall Rating: 4.1/5 Penny Stock Under $1
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in 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 idea Sykes said served two objectives: one) making public records for not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Penny Stock Under $1
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, via pictures. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms 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 is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 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 allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their combined years of experience. Penny Stock Under $1
At its peak, 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 famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the 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 we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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 all-time trading profits. Penny Stock Under $1
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your actions public. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for some who may be looking forward to this tier. Penny Stock Under $1
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which allows users to select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is not very often active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in the 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 traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items on its store online for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Penny Stock Under $1
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready 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 authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, 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 intended to be created in this way. Instead, it is best to keep curiosity. Penny Stock Under $1
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s range of resources helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Under $1
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.