The stock market can be an extremely risky game. On some days, you may have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. This review will be taking the time to look at Profit.ly A well-respected 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 Chace Bickmore Tim Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) giving all users to learn from both the wins and losses to the benefit of the trading industry. Chace Bickmore Tim Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that 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 there for free, but you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its experts. It’s not only a chance to prove value to a community of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident 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, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and 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 penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a platform 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 wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial profits through their years of experience. Chace Bickmore Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur 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, as well as text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Chace Bickmore Tim Sykes
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down 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. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a problem for those anticipating this level. Chace Bickmore Tim Sykes
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips from 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 range of services and features. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able select from the products on its store online to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that trading 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 as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Chace Bickmore Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Chace Bickmore Tim Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful in their efforts to reduce loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Chace Bickmore Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are connected to 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 learn and improve in acquiring opportunities on the stock market left and right.