Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your improvement in the industry. This review will be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes And Floats
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and encouraging one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources 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 the platform. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
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 is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes And Floats
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities 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 subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could opt to post your trades, whether verified or not, by taking photographs. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes And Floats
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as 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 version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes 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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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes And Floats
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics that could be a problem for those who are looking forward to this tier. Tim Sykes And Floats
This is by far the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One might be a laid-back person who is not very often active, while another may be more online and communicative to their pupils. Think of 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 an array of stock traders, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes And Floats
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. Tim Sykes And Floats
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources helpful as they do their best to reduce losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Tim Sykes And Floats
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 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.