Stock trading can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you are immersed in the water You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need 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 market. This review will be taking a look at Profit.ly A well-respected 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 Understanding Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students, and 2) allowing all users to learn from both the wins and losses for the trading industry’s benefit. Understanding Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need 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 skills, join to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into their performance as a trading group and its experts. 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 buy from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place 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 vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of knowledge. Understanding Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: Founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate 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 on iOS and Android devices; text, e-mail, 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 per month, it is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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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 massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Understanding Penny Stock
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge 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 weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Understanding Penny Stock
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One might be a laid-back person who is not very often active, while another might be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Understanding Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Understanding Penny Stock
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful when they try their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Understanding Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just 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 left and right.
