Stock trading can be an extremely risky game. Some days, you might enjoy the benefits 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 most productive. If you are immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth in the industry. This review will be taking a look at Profit.ly, a well-recognized one-stop 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 Tim Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Profitly
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into how the community of traders performs and its experts. You’re not just allowed to show your worth to a community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom 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 personality who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place 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 wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Tim Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche 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. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Profitly
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what 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 trading world. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; 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, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view the statistics of other traders that could be a problem for those anticipating this level. Tim Profitly
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s array 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 quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Tim Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from 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 its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Tim Profitly
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Tim Profitly
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of 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 for download on the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.