Stock trading is an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 Members Timothy Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as newsletter authors and students, and 2) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Members Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed 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 follow the activities of people who aren’t 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 offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, then you could choose to publish your trades, either verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money through their years of knowledge. Members Timothy Sykes
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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: 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 what packaged deals each guru offers.
From 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 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Members Timothy Sykes
The Superman Alerts package is his offering of 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 application, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that might be a drawback for those eager to try this new tier. Members Timothy Sykes
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, and 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products on its store online that they can take with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Members Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to 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 with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Members 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 to be helpful in their efforts to avoid losses and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Members Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.