The stock market can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were your best. If you are immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your growth in the industry. This review will take a 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.
Total Rating: 4.1/5 Tlss Penny Stock
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tlss Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward achievement. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small companies to move to a market that is larger as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of experience. Tlss Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the prominent 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 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as text, e-mail 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 package. It costs $149.95 for a month this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both 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. Tlss Penny Stock
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and 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 plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those who are anticipating this level. Tlss Penny Stock
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since 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’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One might be more laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items in its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the risky mix that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Tlss Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “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 to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tlss Penny Stock
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tlss Penny Stock
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard which lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest 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 and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.