Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your best. If you are always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve identified a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Members Timothy Sykes Video Services Temporarily Unavailable
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students and secondly) allowing anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Members Timothy Sykes Video Services Temporarily Unavailable
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to prove value to a large group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to interact with your experts through the chatroom 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 well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of experience. Members Timothy Sykes Video Services Temporarily Unavailable
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were 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: the 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 look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Members Timothy Sykes Video Services Temporarily Unavailable
The Superman Alerts plan is his 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 and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. In this plan, that you are able to create a private profile to share with other associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Members Timothy Sykes Video Services Temporarily Unavailable
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can pick from a range of videos that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of 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, as well as some specialty websites that provide live chat support. But in 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 style in running their chat rooms and in dealing with the members there. One might be more laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able select from the products from its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at managing trading, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Members Timothy Sykes Video Services Temporarily Unavailable
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates 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
- If traders decide to make any type of trade, there is a 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 ignored.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Members Timothy Sykes Video Services Temporarily Unavailable
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than before. It’s not just the struggling traders that 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 look no further – Profit.ly could be a good alternative to start.
FAQ Members Timothy Sykes Video Services Temporarily Unavailable
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.