Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned 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 found an option that can help you to improve your performance in the industry. This review will take a 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 Stock Screening Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept Sykes said served two objectives: one) making public records for not just the gurus as well as students and newsletter writers as well as) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. Stock Screening Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account at no cost, however you’re limited to the capability to browse 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 You’ll 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 that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could opt to post your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Stock Screening Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the 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 take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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. Stock Screening Timothy Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check 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’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you can set up an account that is private to share with other associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a problem for some who may be eager to try this new tier. Stock Screening Timothy Sykes
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be more laid back and rarely active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Stock Screening Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, 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 to achieve this goal. Instead, you need to have an open mind. Stock Screening Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Stock Screening Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.