Stock trading is an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 What Defines A Penny Stock
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been previously done.” The idea Sykes said served two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. What Defines A Penny Stock
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving success. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not only a chance to show that you’re worthy to the large group of traders, as you can also use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, via pictures. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided 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. What Defines A Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A single purchase in 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. What Defines A Penny Stock
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your 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 with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats that could be a problem for some who may be anticipating this level. What Defines A Penny Stock
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be laid back and less 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 the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. Additionally, they can select from the products from its online store to carry with them wherever they travel. They can also gain hands-on 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 many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. What Defines A Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse 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 be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and 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 dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. What Defines A Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ What Defines A Penny Stock
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable 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 blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.