Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you are immersed in the water You will need be aware that relying solely 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 a significant boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will take a 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.
Overall Rating: 4.1/5 Popular Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Popular Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not only a chance to show your worth to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts in the chatroom, as well as notifications via email or text 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 involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of knowledge. Popular Penny Stock
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 prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Popular Penny Stock
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your actions public. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their expertise in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics this might be a drawback for those who are anticipating this level. Popular Penny Stock
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating an individual profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, where customers can select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and not very often active, while another might be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a risky game that should not be viewed as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to people who are just beginning. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Popular Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Popular Penny Stock
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Popular Penny Stock
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 section of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is 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 the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
