Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses 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. That’s why we’ve discovered an option that can help you to improve your performance in the market. This review will be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profily Hea
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) making it possible for all users to gain insight into both the wins and losses for the trading industry’s benefit. Profily Hea
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account 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 high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone 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’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of experience. Profily Hea
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the 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 look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices; 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. At $149.95 monthly, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profily Hea
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re interested in get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from many of the features of the novice plan. 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 this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that could be a disadvantage for those who are anticipating this level. Profily Hea
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, and a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One of them may be a laid-back person who is not very often engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able select from the products on its store online to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Profily Hea
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training 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 as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Profily Hea
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Profily Hea
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
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 works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.