The stock market can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you’re immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried 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 to improve your performance within the field. In this review, we’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Ryan Aller Tim Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Ryan Aller Tim Sykes
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: 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 to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove your worth to a community of traders. You are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful 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.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of knowledge. Ryan Aller Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: 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 Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Ryan Aller Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via his 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 previous lessons. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats, which could be a disadvantage for those eager to try this new tier. Ryan Aller Tim Sykes
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be laid back and less 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 essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available in its online store to carry with them 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 shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as proficient in managing trading however, experienced traders know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Ryan Aller Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- 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 platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you should have curiosity. Ryan Aller Tim Sykes
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Ryan Aller Tim Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.