Stock trading can be a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to where you were your most productive. If you are immersed in the water You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth 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 Books Recommended By Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as 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 form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Books Recommended By Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to prove your worth to a large group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of knowledge. Books Recommended By Timothy Sykes
At its height, 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 most 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. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Books Recommended By Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which might be a drawback for some who may be eager to try this new tier. Books Recommended By Timothy Sykes
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in 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 when it comes to running their chat room and in dealing with the members. Some may be more laid back and less active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Books Recommended By Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have curiosity. Books Recommended By Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful in their efforts to avoid loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Books Recommended By Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.