The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you’re immersed in the water it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll 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 Thehonestcroock Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other 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 was never previously done.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus and students and newsletter writers as well as) giving anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Thehonestcroock Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate value to a group of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at 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 gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of expertise. Thehonestcroock Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous experts were 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 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, text, e-mail, 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 program. It costs $149.95 for a month it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has 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. Thehonestcroock Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in 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 with different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an account that is private to share with other associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics that might be a drawback for those who are eager to try this new tier. Thehonestcroock Profitly
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can select from a variety of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may be. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Thehonestcroock Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and 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 reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Thehonestcroock Profitly
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Thehonestcroock Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
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 working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.