Stock trading can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth within the field. This review will be taking an in-depth look at Profit.ly A well-respected 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. 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 Worth Buying
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much 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.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Penny Stock Worth Buying
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as 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 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 companies to move to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of knowledge. Penny Stock Worth Buying
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Worth Buying
The Superman Alerts plan is his package of vital features and trading alerts targeted to those 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 shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Penny Stock Worth Buying
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, where customers can pick from a range of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another might be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters, the pros already understand the way it functions and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. 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-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Penny Stock Worth Buying
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous 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 provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep an open mind. Penny Stock Worth Buying
What we are referring to”yes” is it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Penny Stock Worth Buying
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.