Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you’re always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time and you’re likely to require 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 globe. That’s why we’ve identified an online platform that will help you in your improvement in the market. We’ll be taking a look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Glenn Peters Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers and secondly) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Glenn Peters Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could opt to post your trades, verified or not, by taking photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “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 businesses to transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Glenn Peters Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
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 be able to 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 single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Glenn Peters Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use 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 associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders this could be a disadvantage for those who are looking forward to this tier. Glenn Peters Timothy Sykes
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of these is its online store, which lets users pick from a range of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One might be laid back and rarely active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
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 and members. They’ll also be able to select from the products from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Glenn Peters Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through 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 chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services that the platform can offer
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Glenn Peters Timothy Sykes
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than before. It’s not just the struggling traders that 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 a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Glenn Peters Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade section of the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, 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 operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities left and right.