Stock trading can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your best. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth in the market. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Stock Less Than A Penny
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards 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 honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two goals: 1.) making public records for not just the gurus, but also the students and newsletter writers, and 2) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Stock Less Than A Penny
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed toward achievement. You can create an account there for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not just a way to prove value to a large group of traders. You can also use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of experience. Stock Less Than A Penny
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services 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 stock catalysts and use them to forecast 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 application that is available for iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Stock Less Than A Penny
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When 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 call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a problem for those who are eager to try this new tier. Stock Less Than A Penny
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the benefits that you can 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 level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on 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 place where gurus and their members can interact and learn 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 a laid-back person who is not very often engaged, while another could be more active and in touch with their 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 cater to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down 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 the way it functions and the risky mix that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Stock Less Than A Penny
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you should have curiosity. Stock Less Than A Penny
What we mean”yes” is it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Stock Less Than A Penny
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot 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’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.