Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive 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 best. If you’re immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Huddie Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Huddie Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward success. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not only a chance to show your worth to a community of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through photographs. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to connect 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 trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as 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 platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits from their collective years of experience. Huddie Profitly
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the 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: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Huddie Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as email and SMS 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 his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats this might be a drawback for those who are eager to try this new tier. Huddie Profitly
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be laid back and less active, while another might be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Huddie Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you should have curiosity. Huddie Profitly
What we do mean”yes” is 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 when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Huddie Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities left and right.