The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your most productive. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing 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 globe. That’s why we’ve found a platform that can support you in your improvement in the industry. We’ll take the time to look at Profit.ly A well-respected 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 Volume
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept Sykes said served two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Penny Stock Volume
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving success. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not just a way to demonstrate value to a large group of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, 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 substantial profits through their years of expertise. Penny Stock Volume
At its peak, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus 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 take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Volume
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain an access to high-quality research papers and 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 market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Penny Stock Volume
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works along with the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Volume
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, 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 photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep curiosity. Penny Stock Volume
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Volume
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.
