The stock market can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you’re immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth within the field. This review will be taking the time to 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.
Overall Rating: 4.1/5 Hot Stock Penny
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The idea Sykes said served two objectives: one) making public records for not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Hot Stock Penny
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward achievement. You can create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show your worth to a group of traders, but you can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it 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 establish Profit.ly as a platform 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 vast array of education 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 made substantial profits from their combined years of knowledge. Hot Stock Penny
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this 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 Let’s 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-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under 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. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Hot Stock Penny
The Superman Alerts plan is his offer of the most essential features and trading alerts 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 application, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports and 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 market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you can set up a private profile to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those eager to try this new tier. Hot Stock Penny
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader 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 scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch 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 diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products on its store online for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works and the risky mix associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Hot Stock Penny
Profit.ly’s Pros and Pros and
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 get to be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Hot Stock Penny
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s variety of resources useful in their efforts to avoid loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Hot Stock Penny
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the “My Trade section of the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility 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 see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to 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 assist each other to learn and improve in acquiring opportunities in the stock market left and right.
