Stock trading can be an extremely risky game. On some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were your peak. If you’re constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the industry. This review will take the time to 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 Top Penny Stock Picks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features 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 training platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on showing 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 writers and students and secondly) making it possible for everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Top Penny Stock Picks
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed toward the success of their business. It is possible to create an account for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready 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 deals, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not just a way to show your worth to a large group of traders, as you are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you may opt to post your trades, either verified or not, via pictures. Included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as 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 trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of expertise. Top Penny Stock Picks
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Top Penny Stock Picks
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those anticipating this level. Top Penny Stock Picks
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are plus the other 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 ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to pick from a range of videos created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater 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 enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store to carry with them 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 treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Top Penny Stock Picks
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary capabilities, 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 wide array of packages and subscription levels are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- 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 increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Top Penny Stock Picks
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Top Penny Stock Picks
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade’ category of the dashboard which lets you record your trades that are 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 transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are 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 both right and left.
