Stock trading can be a high-stakes game. On some days, you may have the benefit of pleasing and positive numbers. On other days it could be the reverse and it could be extremely difficult to return to the point you were at your peak. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the industry. This review will take an in-depth look at Profit.ly, a well-recognized 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 Peter Lynch Penny Stock
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 all levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Peter Lynch Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. You can create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to show that you’re worthy to the large group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, via screenshots. In Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways 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 personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for 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 can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have made significant amounts of profit through their years of experience. Peter Lynch Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the founder and 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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 that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Peter Lynch Penny Stock
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition, you’ll also get 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 online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll 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 world. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. In this plan, that you can set up an account that is private to share with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for those looking forward to this tier. Peter Lynch Penny Stock
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 each month and 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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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 concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items from its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Peter Lynch Penny Stock
Profit.ly’s Pros and Cons
The Pros
- 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 get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we were able to 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 was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Peter Lynch Penny Stock
What we mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Peter Lynch Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- 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 probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.
