The stock market can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your peak. If you’re always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement in the market. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 The Best Penny Stock App
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. The Best Penny Stock App
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts 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 trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of expertise. The Best Penny Stock App
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader 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’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on basic stock catalysts and employ 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 app available for iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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In “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. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. The Best Penny Stock App
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those eager to try this new tier. The Best Penny Stock App
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users pick from a range of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can 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 use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. The Best Penny Stock App
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from 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 the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, 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 the ability to think with an open heart. The Best Penny Stock App
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources useful in their efforts to incur lesser losses and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly may be a great option to begin.
FAQ The Best Penny Stock App
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
