The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you’re always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found a platform that can support you in your growth in the market. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Mr Pennys
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Mr Pennys
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared toward achievement. It is possible to create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile and other methods to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and 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 for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Profitly Mr Pennys
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Mr Pennys
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that might be a drawback for some who may be eager to try this new tier. Profitly Mr Pennys
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the chance to create 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 an account that will give you everything you need as a skilled trader, maybe 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 those is its online store, which lets users select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short 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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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can find it throughout messaging and social 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 trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be laid back and less active, while another may be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Profitly Mr Pennys
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have the ability to think with an open heart. Profitly Mr Pennys
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources to be helpful in their efforts to avoid loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Mr Pennys
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
