Stock trading is a high-stakes game. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were at your best. If you find yourself always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 What Classifies As A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. What Classifies As A Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as 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 trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, 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 variety of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their collective years of experience. What Classifies As A Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche 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. As of this writing, there are only two gurus who remain on this platform: the founder and 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-priced day trading with Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices; 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 version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. What Classifies As A Penny Stock
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats this could be a disadvantage for those who are anticipating this level. What Classifies As A Penny Stock
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users select from a variety of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be laid back and rarely active, while another might be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. What Classifies As A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- 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 abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand 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 should have the ability to think with an open heart. What Classifies As A Penny Stock
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ What Classifies As A Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting 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 on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
