Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the market. This review will take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Whats Penny Stock
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines 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 verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been previously done.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students as well as) giving everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Whats Penny Stock
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to prove value to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms 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 famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, 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 transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of experience. Whats Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this 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 the previous plan, such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading 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 trading earnings. Whats 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 to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders of different levels. Let’s look at what the 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 world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for some who may be looking forward to this tier. Whats Penny Stock
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can choose from the items in its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Whats Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Whats Penny Stock
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Whats Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.