Stock trading is a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you are constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement in the industry. This review will be taking the time to 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. 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 Reddit
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” The idea, he added, served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) giving all users to learn from both the wins and losses to benefit the industry of trading. Robinhood Penny Stock Reddit
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to prove value to a large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete against 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 in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Robinhood Penny Stock Reddit
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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 take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
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 to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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 both 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 trading profits. Robinhood Penny Stock Reddit
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you will not be able view the statistics of other traders this could be a disadvantage for those who are anticipating this level. Robinhood Penny Stock Reddit
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in its 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 novices to experienced professionals. With the variety of deals it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products in 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 will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Robinhood Penny Stock Reddit
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Robinhood Penny Stock Reddit
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Robinhood Penny Stock Reddit
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the My Trade category on the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.