Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your best. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Bbb
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative responsible, transparent, and uplifting with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education 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. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Bbb
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities 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 offers, which we will discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show your worth to a community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect 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 well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an opportunity for small companies to move to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial profits through their years of knowledge. Tim Sykes Bbb
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder and 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Bbb
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as email and SMS 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, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders this could be a disadvantage for some who may be looking forward to this tier. Tim Sykes Bbb
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able select from the products on its store online that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Tim Sykes Bbb
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Tim Sykes Bbb
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Bbb
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard that allows you to 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 specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can detect who’s being 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 via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.