The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. This review will be taking an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Redditfueled Penny Stock Rally Reversing In
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Redditfueled Penny Stock Rally Reversing In
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared toward the success of their business. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via photographs. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a large marketplace as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of experience. Redditfueled Penny Stock Rally Reversing In
At its peak, 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 gurus included 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 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 look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Redditfueled Penny Stock Rally Reversing In
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured 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 the ability to access premium reports on research and an IPO and earnings tracker.
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 tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Redditfueled Penny Stock Rally Reversing In
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Redditfueled Penny Stock Rally Reversing In
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have an open mind. Redditfueled Penny Stock Rally Reversing In
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit 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 peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Redditfueled Penny Stock Rally Reversing In
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot 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 a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on 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 over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.