Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to get back to the point you were at your best. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Pot Penny Stock Canada
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 allows traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Pot Penny Stock Canada
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared at achieving success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms as well as notifications via email or text as well as 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 his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit through their years of experience. Pot Penny Stock Canada
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Pot Penny Stock Canada
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates 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 the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. In this plan, that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats this might be a drawback for those looking forward to this tier. Pot Penny Stock Canada
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. 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 for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from 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 array of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is less active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Pot Penny Stock Canada
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Pot Penny Stock Canada
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to avoid losses and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Pot Penny Stock Canada
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the ‘My Trade section of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
