The stock market can be an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your peak. If you’re always in the mud, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth in the market. We’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Steven Dux Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Steven Dux Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove value to a large group of traders. You can also use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to 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 personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move into a larger market because they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits from their combined years of experience. Steven Dux Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, email, text 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, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Steven Dux Tim Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, 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 of information 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 an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice 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’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats this might be a drawback for those who are looking forward to this tier. Steven Dux Tim Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily 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 from its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at managing trading but the experts already know how it works along with the risky mix that it carries. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as 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 help guide them through the ever-illustrious trading process. Steven Dux Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Steven Dux Tim Sykes
What we do mean”yes” is that it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful when they try their best to reduce losses and be more successful than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly want to become more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Steven Dux Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard which lets you post your trades that are verified 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 using specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are 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 left and right.
