The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. We’ll take a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Hnmy Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade 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 this platform. Consider it an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus and newsletter authors and students as well as) allowing all users to learn from the losses and wins to benefit the industry of trading. Hnmy Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account there for free, but 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, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove your worth to a community of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an opportunity for small businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Hnmy Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most prominent experts included 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: the founder and 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, texts, emails, 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 program. Priced at $149.95 per month, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Hnmy Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll 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 world. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics, which could be a problem for those eager to try this new tier. Hnmy Profitly
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they offer. One of them is the online store, which lets users pick from a range of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes of events like 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 variety of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is less active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading 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 in order to guide them through the ever-illustrious trading process. Hnmy Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- If traders decide to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘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 intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Hnmy Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and be more successful than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Hnmy Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
