The stock market can be an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance within the field. This review will take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Tradeking Penny Stock Fee
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students, and 2) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Tradeking Penny Stock Fee
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its experts. It’s not only a chance to demonstrate your worth to a large group of traders, as you can also use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their collective years of experience. Tradeking Penny Stock Fee
At its height, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for 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 all-time trading earnings. Tradeking Penny Stock Fee
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking 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 going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will 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. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their skills in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Tradeking Penny Stock Fee
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users pick from a range of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be laid back and not very often active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in managing trading however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Tradeking Penny Stock Fee
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, 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 photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services the platform has to provide
The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Tradeking Penny Stock Fee
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tradeking Penny Stock Fee
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the “My Trade section of the dashboard that allows you to post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.