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, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you are immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the industry. This review will take a look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Steve Harvey Tim Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Steve Harvey Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove your worth to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms along with email and text alerts 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 trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Steve Harvey Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Steve Harvey Tim Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; 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 your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use a majority of features from the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. As nice as it seems 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’ statistics, which could be a problem for those anticipating this level. Steve Harvey Tim Sykes
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as 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 has a few other services they provide. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate 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. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products on its store online for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Steve Harvey Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Steve Harvey Tim Sykes
What we mean”yes” is that it can be a great learning tool. People who are stuck might find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Steve Harvey Tim Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.