Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you are always in the mud You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement in the industry. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 When Is A Penny Stock Not A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) giving all users to learn from both losses and wins for the trading industry’s benefit. When Is A Penny Stock Not A Penny Stock
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward success. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to demonstrate value to a community of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you may decide to share your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial profits through their years of experience. When Is A Penny Stock Not A Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A standalone purchase in 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 as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both 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 earnings. When Is A Penny Stock Not A Penny Stock
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you can create an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. When Is A Penny Stock Not A Penny Stock
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of video products created to guide you through the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”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 footage of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their 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 members there. Some may be more laid back and rarely active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products on its store online that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as proficient in managing trading but the experts already know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. When Is A Penny Stock Not A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core 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 packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. When Is A Penny Stock Not A Penny Stock
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful in their efforts to reduce loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ When Is A Penny Stock Not A Penny Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities left and right.
