Stock trading can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your best. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you to improve your performance within the field. In this review, we’ll 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 What Are Penny Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. What Are Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You can create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to demonstrate value to a community of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as 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 involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small companies to move into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades 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. When he was 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to 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 amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of knowledge. What Are Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 trading profits. What Are Penny Stock
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ statistics that could be a problem for some who may be looking forward to this tier. What Are Penny Stock
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can 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 related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One of them may be laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know the way it functions and the risky mix that come with it. It is ideal to make use of Profit.ly’s variety 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 simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. What Are Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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 get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. What Are Penny Stock
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ What Are Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade section of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the 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 images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.