Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were your most productive. If you are always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known 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 Uk Penny Stock
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded 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 stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students and secondly) allowing anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Uk Penny Stock
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed toward success. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show your worth to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may decide to share your trades, verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom 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 personality who has been 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. Penny stock trading is an avenue for small businesses to transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their combined years of experience. Uk Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both 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 total trading profits. Uk Penny Stock
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you can set up an individual profile that allows you to share with other associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Uk Penny Stock
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be a laid-back person who is rarely active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Uk Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of services that the platform can provide
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Uk Penny Stock
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Uk Penny Stock
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- 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’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.