Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to the point you were at your peak. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you to improve your performance within the field. This review will take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Members Tim Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and encouraging each other through its broad array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people 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 for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) allowing all users to be enlightened by both the wins and losses to the benefit of the trading industry. Members Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving success. You may set up an account on the site for free, but you’re only limited to having access to the leaderboard and observe 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 will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to prove value to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, in addition to 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 well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete 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 platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Members Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: 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 for a month it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with 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. Members Tim Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself via the 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 the growing collection of other previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what 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 world of trading. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics that might be a drawback for some who may be eager to try this new tier. Members Tim Sykes
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and scenes 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 array of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be laid back and not very often 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 essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Members Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have an open mind. Members Tim Sykes
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Members Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are 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 version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.