Stock trading can be an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were at your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. This review will be taking a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profily Hesla
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Profily Hesla
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account there for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the community of traders. You can also use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of experience. Profily Hesla
At its peak, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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 take a look at the packages each guru can offer.
From Tim Sykes 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 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for 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, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profily Hesla
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting your fellow 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, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their expertise in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those who are anticipating this level. Profily Hesla
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which lets users pick from a range of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profily Hesla
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary 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 diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- If traders decide to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Profily Hesla
What we do mean”yes” is that it can be a great learning tool. People who are stuck may discover Profit.ly’s variety of resources to be helpful when they try 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 can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profily Hesla
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities left and right.