Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to return to where you were your best. If you’re immersed in the water, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need 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 found an online platform that will help you to improve your performance in the industry. This review will be taking a look at Profit.ly A well-respected one-stop 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 Is Considered Penny Stock
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity 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.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) giving everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. What Is Considered Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward the success of their business. You may set up an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, by taking photographs. 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 in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money through their years of experience. What Is Considered Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers 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 be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as text, e-mail 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 program. It costs $149.95 for a 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 such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. What Is Considered Penny Stock
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for those who are looking forward to this tier. What Is Considered Penny Stock
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and an additional 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, 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 in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice 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 be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe 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, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. What Is Considered Penny Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. 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 Is Considered Penny Stock
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful when they try their best to avoid losses and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ What Is Considered 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 category on the dashboard. It lets you record your trades, verifiable 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 using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of 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 working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.