Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your improvement within the field. This review will take an in-depth 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.
Overall Rating: 4.1/5 Tim Sykes American Hedge Fund
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Tim Sykes American Hedge Fund
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving achievement. You can create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove value to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of expertise. Tim Sykes American Hedge Fund
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts were 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: the 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes American Hedge Fund
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the 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, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders of 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 basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do 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; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats that could be a problem for those anticipating this level. Tim Sykes American Hedge Fund
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products 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 collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be laid back and less engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes American Hedge Fund
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Tim Sykes American Hedge Fund
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit 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 mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Tim Sykes American Hedge Fund
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, 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 left and right.