Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Penny Stock Hot
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informative responsible, transparent, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter writers and students and secondly) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Penny Stock Hot
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into how the community of traders performs and its experts. You’re not just allowed to show value to a group of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with 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 his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading 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 be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Penny Stock Hot
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Hot
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ statistics that might be a drawback for some who may be looking forward to this tier. Penny Stock Hot
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One of them may be more laid back and less active, while another may be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at handling trading matters but the experts already know how it works and the risky mix that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Penny Stock Hot
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready 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
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize 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 need to have an open mind. Penny Stock Hot
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Penny Stock Hot
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
