Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your most productive. If you’re always in the mud You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. This review will take the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Top Penny Stock
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Top Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward achievement. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll 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’ll have a chance to shoot your way up to the top of 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 as well as its experts. You’re not just allowed to prove your worth to a group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to notifications via email or text 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 delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades 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 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 because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of expertise. Top Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent experts 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 this 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 the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on 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, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Top Penny Stock
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured 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 gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of The Novice package. This plan allows that you can set up a private profile to share with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Top Penny Stock
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two 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. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be ideal 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 provide. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. All of the products featured 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,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its 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, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Top Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. Top Penny Stock
What we mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources useful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Top Penny Stock
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.