Stock trading is a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your peak. If you are always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned 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. 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 Stock Penny List
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative responsible, transparent, and uplifting with one another through its wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the 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 based “on showing every trade, something that has never been done before.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Stock Penny List
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward success. You can create an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate value to a group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money through their years of knowledge. Stock Penny List
At its peak, 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 famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: the 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 the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and 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 most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Stock Penny List
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an 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 field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. In this plan, that you can create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those looking forward to this tier. Stock Penny List
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can 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. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be more laid back and not very often active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Stock Penny List
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach 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
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Stock Penny List
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Stock Penny List
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of 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 works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
