Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking an in-depth 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 Yahoo Penny Stock Screener
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 enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Yahoo Penny Stock Screener
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, either verified or not, via photographs. 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 more ways to interact with your experts in the chatroom, 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 well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, 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 made substantial profits from their collective years of experience. Yahoo Penny Stock Screener
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational 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 name “Superman,” is a professional in swing trading with an eye for 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 total trading profits. Yahoo Penny Stock Screener
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. It is in this plan that you can create a private profile to share with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which might be a drawback for those anticipating this level. Yahoo Penny Stock Screener
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be laid back and not very often active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Yahoo Penny Stock Screener
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Yahoo Penny Stock Screener
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 array of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Yahoo Penny Stock Screener
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
