Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your most productive. If you are always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Sykes Timothy
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Sykes Timothy
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed toward achievement. It is possible to create an account there for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove your worth to a large group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, via photographs. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money through their years of knowledge. Sykes Timothy
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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as 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 version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Sykes Timothy
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for 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 we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
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 account, making your actions public. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for some who may be anticipating this level. Sykes Timothy
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which lets users choose from a wide array of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Sykes Timothy
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call 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 core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have the ability to think with an open heart. Sykes Timothy
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may discover Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners 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 take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Sykes Timothy
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using 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 learn and improve in acquiring opportunities in the stock market left and right.