The stock market can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to the point you were at your best. If you are always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your improvement in the industry. We’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profily Heb
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad array of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style 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 years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Profily Heb
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed toward achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts 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 an account with your experience and expertise, connect to your brokerage account and you’ll have the chance to climb your way 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 their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a community of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile 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 delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is an avenue for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place 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 amazing features is the variety of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of experience. Profily Heb
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on the platform: the founder as well as 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 packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is a great option for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profily Heb
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. In this plan, that you are able to create a private profile to share with other associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders this might be a drawback for those anticipating this level. Profily Heb
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, which lets users pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken 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 may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profily Heb
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. Profily Heb
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Profily Heb
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
