The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your growth in the market. This review will take the time to look at Profit.ly is a well-known 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 Neal Patel Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are just beginning their journey 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 range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Neal Patel Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not just a way to show your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus through the chatroom in addition to 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 trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Neal Patel Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and 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 premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Neal Patel Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market updates 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 a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which might be a drawback for those who are eager to try this new tier. Neal Patel Timothy Sykes
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other 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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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to 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 help navigate them through the ever-changing trading process. Neal Patel Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have curiosity. Neal Patel Timothy Sykes
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Neal Patel Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the My Trade category on the dashboard. It lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of 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 App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
