The stock market can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your best. If you are immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses 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 fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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 Steve Harvey Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. Steve Harvey Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed at achieving success. You can create an account on the site at no cost, however you’re only limited to having 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 it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and knowledge, then 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 we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to show value to a group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to connect with your gurus via chatrooms in addition to 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 delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their collective years of experience. Steve Harvey Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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, let’s take a look at what packaged deals each guru offers.
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. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase from 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 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 an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Steve Harvey Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also gain 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 ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to 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 beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. Steve Harvey Timothy Sykes
This is by far the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month which includes 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be a laid-back person who is rarely engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach 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 at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Steve Harvey Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with 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. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. Steve Harvey Timothy Sykes
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Steve Harvey Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.