Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. This review will be taking a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 American Hedge Fund Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informed and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never previously done.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers, and 2) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. American Hedge Fund Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to prove your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, via pictures. Included in Profit.ly is the huge selection 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 through the chatroom along with 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 has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to 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 because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits through their years of expertise. American Hedge Fund Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder as well as 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 what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is 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. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. American Hedge Fund Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you do want to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan 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 to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their trading skills. Although it’s a nice thing, 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, which could be a disadvantage for those who are looking forward to this tier. American Hedge Fund Timothy Sykes
The Pro plan is the highest expensive plan 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 the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be a laid-back person who is less engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. American Hedge Fund Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep curiosity. American Hedge Fund Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful as they do their best to reduce loss and perform better than they did before. It’s not just 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 better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ American Hedge Fund Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.