Stock trading is a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were your most productive. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you to improve your performance within the field. This review will be taking a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Stock Penny Trades
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Stock Penny Trades
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and follow 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, you will need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, in addition to 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 well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, 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 against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Stock Penny Trades
At its peak, Profit.ly had housed up to five gurus. Each of them a pro 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 as well as a handful of others. At the time of writing there are only two gurus who 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 Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides 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 observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in 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, texts, emails, and push alerts; and a daily stock watchlist.
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 program. At $149.95 monthly, it is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Stock Penny Trades
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Stock Penny Trades
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their members trade and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another may be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Stock Penny Trades
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education 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 real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Stock Penny Trades
What we are referring to”yes” is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Stock Penny Trades
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
