Stock trading is an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were at your peak. If you are immersed in the water it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance within the field. We’ll take 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 Hivemind Profitly
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 various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud 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 his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers and secondly) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Hivemind Profitly
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared toward the success of their business. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can decide to share your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of experience. Hivemind Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as 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 is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Hivemind Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; 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 or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders this could be a disadvantage for those who are looking forward to this tier. Hivemind Profitly
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating 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 option that gives you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be more laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Hivemind Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Hivemind Profitly
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as 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 is a fantastic choice to start.
FAQ Hivemind Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.
