Stock trading is a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were at your peak. If you are constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Robinhood Penny Stock List
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly 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 an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Robinhood Penny Stock List
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities 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 sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs and its gurus. You’re not just allowed to prove your worth to a large group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus through the chatroom as well as email and text alerts as well as 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 penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of expertise. Robinhood Penny Stock List
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world 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, however, only two gurus remain on this platform: 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 what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for 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 profits. Robinhood Penny Stock List
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Robinhood Penny Stock List
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and clips from 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 services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in 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 trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Robinhood Penny Stock List
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, 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 packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- As traders may opt to post 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 risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Robinhood Penny Stock List
What we do mean”yes” is it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Robinhood Penny Stock List
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.