Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your peak. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require 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. In this review, we’ll be taking 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.
Total Rating: 4.1/5 Whats The Next Big Penny Stock
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form 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 is humanly possible. It was created 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 with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept Sykes said served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Whats The Next Big Penny Stock
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to show value to a large group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may decide to share your trades, either verified or not, via pictures. Included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through 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 his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. 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 knowledge. Whats The Next Big Penny Stock
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: the 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 Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as text, e-mail 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. Priced at $149.95 for a month this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for 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 trading earnings. Whats The Next Big Penny Stock
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for some who may be eager to try this new tier. Whats The Next Big Penny Stock
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Whats The Next Big Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there is 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 overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Whats The Next Big Penny Stock
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful as they do their best to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Whats The Next Big Penny Stock
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine 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 evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.