Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re immersed in the water You will need to realize that relying on your instincts and preserving 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 trading partners from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the market. We’ll take the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Shiny Penny Profitly
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education 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. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Shiny Penny Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account 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 ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see 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.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial profits through their years of knowledge. Shiny Penny Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic 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 catalysts for stocks and utilize them to predict 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 available for iOS and 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Shiny Penny Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as 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, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows 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.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Shiny Penny Profitly
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to select from the products in its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Shiny Penny Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading 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 trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Shiny Penny Profitly
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful as they do their best to reduce loss and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Shiny Penny Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.