Stock trading is a high-stakes game. On some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were at your best. If you are immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will take a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 What Makes A Stock 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 is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are starting out and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing all users to gain insight into the losses and wins to benefit the industry of trading. What Makes A Stock A Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving success. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not just a way to show your worth to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to create 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 helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of expertise. What Makes A Stock A Penny Stock
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, email, text 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. Priced at $149.95 per month, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. What Makes A Stock A Penny Stock
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be 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.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you can create a private profile to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this might be a drawback for those anticipating this level. What Makes A Stock A Penny Stock
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 per 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.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can choose from a wide array 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 site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be 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 offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be laid back and less engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for all.
Beginners, 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 by its internal gurus as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they may go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. What Makes A Stock A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build 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 needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have curiosity. What Makes A Stock A Penny Stock
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ What Makes A Stock A Penny Stock
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
