Stock trading can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you find yourself immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance within the field. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 What’S Considered A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. What’S Considered A Penny Stock
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving success. You can create an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to demonstrate value to a large group of traders. You can also utilize Profit.ly to buy from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to 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 famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, 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 education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of expertise. What’S Considered A Penny Stock
At its height, Profit.ly had housed up to five gurus, all of them a professional 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 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. What’S Considered A Penny Stock
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that might be a drawback for some who may be looking forward to this tier. What’S Considered A Penny Stock
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products created to help you understand the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety 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 provide live chat support. But in Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. What’S Considered A Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including 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 as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. What’S Considered A Penny Stock
What we mean”yes” is it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ What’S Considered A Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.