Stock trading can be a high-stakes game. Some days, you may have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your best. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 The Best Penny Stock Right Now
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced 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 each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students as well as) giving all users to gain insight into the losses and wins for the trading industry’s benefit. The Best Penny Stock Right Now
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to demonstrate your worth to a community of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an avenue for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of 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 educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made significant amounts of profit through their years of knowledge. The Best Penny Stock Right Now
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the most 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 this 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. The Best Penny Stock Right Now
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable 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 the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet 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 that cater to traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders, which might be a drawback for those looking forward to this tier. The Best Penny Stock Right Now
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and less engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products on its store online to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed 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 the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. The Best Penny Stock Right Now
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. The Best Penny Stock Right Now
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ The Best Penny Stock Right Now
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your friends and 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 see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
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 version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.