Stock trading is an extremely risky game. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your most productive. If you find yourself always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing 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 identified an online platform that will help you in your growth in the industry. This review will take a look at Profit.ly, a well-recognized 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 Whats The Best Penny Stock App
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Whats The Best Penny Stock App
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to show your worth to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could choose to publish your trades, verified or otherwise, through screenshots. 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 and other methods to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because it allows them to access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of expertise. Whats The Best Penny Stock App
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration 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 with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices; texts, emails 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Whats The Best Penny Stock App
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself via the 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. On top of that you’ll also gain the ability to access premium reports on research as well as the 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 industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those looking forward to this tier. Whats The Best Penny Stock App
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time area where experts and members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be more laid back and less active, while another may be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Whats The Best Penny Stock App
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 communications, trading, and communication tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and 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 credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have an open mind. Whats The Best Penny Stock App
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Whats The Best Penny Stock App
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses 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 on the stock market both right and left.