Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you are always in the mud You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance within the field. This review will be taking an in-depth 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.
Overall Rating: 4.1/5 Jason Motes Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Jason Motes Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a large group of traders, as you are also able to use Profit.ly to shop 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 divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to capital 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 thanks to his years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete against 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 helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of expertise. Jason Motes Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus included 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: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Jason Motes Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, 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 an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
The price is $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 view other traders’ statistics, which could be a disadvantage for those anticipating this level. Jason Motes Timothy Sykes
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a 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 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 training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage of 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 variety of services and features. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. 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 are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading 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 as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Jason Motes Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Jason Motes Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than they did 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 desire to be a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Jason Motes Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard which lets you post your trades that are verified or not. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, 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 are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.