The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you find yourself immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you in your growth in the industry. In this review, we’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Worth Investing
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. Penny Stock Worth Investing
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will 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 have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, either verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, in addition to 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 guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue 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 be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of experience. Penny Stock Worth Investing
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this 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 what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to 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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Penny Stock Worth Investing
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as 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 that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
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 tools to get you going. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you can create an account that is private for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Penny Stock Worth Investing
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off when billed annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. One might be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Penny Stock Worth Investing
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Penny Stock Worth Investing
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock Worth Investing
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version 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, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
