Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement 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 Weed
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for all users to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Weed
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward achievement. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to show value to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post 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 and other methods to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Penny Stock Weed
At its height, Profit.ly had housed up to five gurus. Each of them a pro 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 a few others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “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 trading profits. Penny Stock Weed
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready 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 up and running. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats that might be a drawback for those eager to try this new tier. Penny Stock Weed
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which lets users choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences from trading within 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 those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Penny Stock Weed
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream 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 is a possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Penny Stock Weed
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Weed
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many 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 assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.