Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you are always in the mud it is important to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Top Penny Stock Gainers
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Top Penny Stock Gainers
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward the success of their business. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to show value to a group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, 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, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise 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 tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of expertise. Top Penny Stock Gainers
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a rich collection of more than 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 trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Top Penny Stock Gainers
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to see the statistics of other traders that could be a problem for those anticipating this level. Top Penny Stock Gainers
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. 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
In addition to the trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members can interact and exchange 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 laid back and not very often active, while another may be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they go. They can also gain hands-on 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 a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Top Penny Stock Gainers
Profit.ly’s Pros and Cons
- 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’ll be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, it is best to keep curiosity. Top Penny Stock Gainers
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Top Penny Stock Gainers
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are connected to 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 stock market opportunities both right and left.