The stock market can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were your best. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement within the field. This review will be taking a look at Profit.ly A well-respected 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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Stock Penny
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared toward the success of their business. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can decide to share your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, as well as 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 guru who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency 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 vast array of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits through their years of experience. Stock Penny
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: Founder as well as 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 packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate 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 app available on iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Stock Penny
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep 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 is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you are able to create a private profile to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this might be a drawback for some who may be anticipating this level. Stock Penny
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month and an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in 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 messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Stock Penny
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed 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 opportunity to increase 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 preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Stock Penny
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Stock Penny
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
