The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you are immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. This review will take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Trading Penny Stock
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network 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, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students as well as) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Trading Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make 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 a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can choose to publish your trades, either verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Trading Penny Stock
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, 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. In light of that, 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 through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Trading Penny Stock
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats this could be a problem for those looking forward to this tier. Trading Penny Stock
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You are probably familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Trading Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: 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 quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Trading Penny Stock
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Trading Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.