Stock trading is an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were at your peak. If you’re immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered 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 fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the market. In this review, we’ll take an in-depth 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 Position Updates Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) allowing anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Position Updates Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward achievement. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given 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 an insight into their performance as a trading group and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, either verified or not, via photographs. 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 communicate with your gurus through the chatroom as well as 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 has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trader. At 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.” He made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Position Updates Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market 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 offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Position Updates Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign to this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for those looking forward to this tier. Position Updates Timothy Sykes
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on 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 way in operating their chat room and dealing with the listed members. Some may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Position Updates Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep an open mind. Position Updates Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Position Updates Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.
