Stock trading can be an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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 Redditfueled Penny Stock In
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and encouraging each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Redditfueled Penny Stock In
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account there at no cost, however you’re only given access to the leaderboard and follow 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 deals that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show value to a community of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with text and e-mail alerts and 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit through their years of knowledge. Redditfueled Penny Stock In
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the 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 look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast 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 app that’s available to iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated 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 swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Redditfueled Penny Stock In
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit 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, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you are able to create an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats this might be a drawback for some who may be looking forward to this tier. Redditfueled Penny Stock In
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, where customers can pick from a range of instructional videos that are created to help you understand the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running 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 in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Redditfueled Penny Stock In
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Redditfueled Penny Stock In
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Redditfueled Penny Stock In
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the ‘My Trade category on the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are 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 both right and left.
