Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your best. If you are always in the mud You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Where Can I Buy Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
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 guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Where Can I Buy Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You can create an account there at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a community of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit through their years of expertise. Where Can I Buy Penny Stock
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on 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 highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Where Can I Buy Penny Stock
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you started. 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 will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Where Can I Buy Penny Stock
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One might be laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know the way it functions and the risky mix that come with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Where Can I Buy Penny Stock
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Where Can I Buy Penny Stock
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Where Can I Buy Penny Stock
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, 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 stock market opportunities left and right.
