Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to return to where you were your best. If you are immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. We’ll take the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 What Penny Stock Will Make Me Rich
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. What Penny Stock Will Make Me Rich
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed toward success. It is possible to create an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show value to a large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of knowledge. What Penny Stock Will Make Me Rich
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: 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 the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. What Penny Stock Will Make Me Rich
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics this might be a drawback for those who are looking forward to this tier. What Penny Stock Will Make Me Rich
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, with a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their 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 online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. What Penny Stock Will Make Me Rich
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers 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 unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit 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 accept refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. What Penny Stock Will Make Me Rich
What we do mean”yes” is that it can be a great learning tool. People who are stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ What Penny Stock Will Make Me Rich
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is 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 classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.