The stock market can be an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your peak. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation may not always 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. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. This review will take a look at Profit.ly is a well-known one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Dan Bilzerian Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both 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. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins to benefit the industry of trading. Dan Bilzerian Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions 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 offerings, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop from a guru with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms 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 famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, 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 vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of experience. Dan Bilzerian Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A purchase on its own 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; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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In “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. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Dan Bilzerian Timothy Sykes
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you are able to create a private profile to share with other associates all your 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 harness their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. Dan Bilzerian Timothy Sykes
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact 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. One of them may be more laid back and not very often active, while another may be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Dan Bilzerian Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. Dan Bilzerian Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Dan Bilzerian Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and 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 as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
