Stock trading is an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your best. If you are always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you to improve your performance within the field. This review will take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Dave Ramsey Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) allowing all users to gain insight into the losses and wins to the benefit of the trading industry. Dave Ramsey Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward success. It is possible to create an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not only a chance to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may decide to share your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms 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 efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Dave Ramsey Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field 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. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Dave Ramsey Timothy Sykes
The Superman Alerts package is his offering of essential 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 and the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what 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 trading world. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a problem for some who may be eager to try this new tier. Dave Ramsey Timothy Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Dave Ramsey Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication 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 guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because 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 Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Dave Ramsey Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Dave Ramsey Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.
