Stock trading can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving is not always 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 enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Investing Bible Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that 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 expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Investing Bible 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 may set up an account on the site for free, but you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to demonstrate your worth to a community of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may opt to post your trades, whether verified or otherwise, through screenshots. 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 interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Investing Bible Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional 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. At the time of writing only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both 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 all-time trading profits. Investing Bible Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those eager to try this new tier. Investing Bible Timothy Sykes
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted 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. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. However, 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 way in operating their chat room and dealing with the members there. One might be laid back and less active, while another may be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s array of features to their best advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Investing Bible Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. Investing Bible Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources useful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Investing Bible Timothy Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
