Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your best. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the market. This review will take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Total Rating: 4.1/5 What Is The Best Penny Stock App
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never previously done.” The concept, he added, served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students as well as) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. What Is The Best Penny Stock App
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You can create an account for free, but you’re only limited to having access to 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 sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of experience. What Is The Best Penny Stock App
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most prominent gurus 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: 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the 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 app available to iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. What Is The Best Penny Stock App
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have 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, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his 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 other previous ones. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep 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 is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. This plan allows that you can create a private profile to share with other associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics, which could be a problem for those who are looking forward to this tier. What Is The Best Penny Stock App
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be more laid back and not very often active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. What Is The Best Penny Stock App
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services the platform has to offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. What Is The Best Penny Stock App
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ What Is The Best Penny Stock App
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in 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 since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.