The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your peak. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. This review will take an in-depth 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.
Total Rating: 4.1/5 Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website 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 with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades 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 trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
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 the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can decide to share your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate 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 personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market is a stepping stone for small companies to move to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their combined years of experience. Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock
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 application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports 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 market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Penny Stock
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to choose from a wide array of video products created to guide you through the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Penny Stock
What we do mean”yes” is it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 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 opportunities on the stock market all over the world.