Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered 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 trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Promising Penny Stock
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Promising Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at their performance as a trading group and its experts. It’s not just a way to show value to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Promising Penny Stock
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. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as 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 premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Promising Penny Stock
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
In “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 through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and the 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 industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish 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; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, 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 just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in 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 package allows you to use the majority of features available in the Novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those who are anticipating this level. Promising Penny Stock
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, with 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can see it across 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 area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be laid back and less active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to select from the products on its store online that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Promising Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of services the platform has to offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Promising Penny Stock
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly could be a good choice to start.
FAQ Promising Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits 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.