Stock trading can be an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your best. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you to improve your performance in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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 Steve Harvey On Tim Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on 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 transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus, but also the students and newsletter writers, and 2) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Steve Harvey On Tim Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create an account on the site 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 sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening 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 high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove value to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market is an opportunity for small businesses to transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits from their combined years of expertise. Steve Harvey On Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict 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 app available on iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: 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 an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Steve Harvey On Tim Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these 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 world of trading. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Steve Harvey On Tim Sykes
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, which includes an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Steve Harvey On Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow 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 customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to make any type of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Steve Harvey On Tim Sykes
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful when they try their best to avoid losses and be more successful than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Steve Harvey On Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.