Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the market. In this review, we’ll take a 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 Shorting Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both 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. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Shorting Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show your worth to a group of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as 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 experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits through their years of experience. Shorting Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 the time he started trading, Superman has amassed over $5.5 million in trading earnings. Shorting Penny Stock
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, 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 the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those who are looking forward to this tier. Shorting Penny Stock
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to provide guidance on the ins and outs 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 such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely engaged, while another could be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with 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 trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman or 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. Shorting Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- If traders decide to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Shorting Penny Stock
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Shorting Penny Stock
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade category on the dashboard that lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.
