The stock market can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your best. If you are always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the market. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Reddit Tim Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine 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 then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The idea, he added, served two objectives: one) creating public track records for not just the gurus as well as newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Reddit Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove value to a large group of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through the chatroom in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits from their collective years of expertise. Reddit Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being 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 predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as 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 version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Reddit Tim Sykes
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also have 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 looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they will 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 community. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to 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 is $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a problem for those who are eager to try this new tier. Reddit Tim Sykes
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social 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 trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be laid back and less active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can select from the products on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading, the pros already understand how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Reddit Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Reddit Tim Sykes
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Reddit Tim Sykes
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.