Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you’re always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll 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 Free2Share
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
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 transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea, he added, served two purposes: 1) making public records for not just the gurus as well as students and newsletter writers and secondly) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Free2Share
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to prove value to a group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts 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 is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of expertise. Tim Sykes Free2Share
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Free2Share
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, 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 and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally 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 looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next 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 an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for some who may be eager to try this new tier. Tim Sykes Free2Share
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might be more laid back and rarely active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Tim Sykes Free2Share
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other 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 additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Tim Sykes Free2Share
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Free2Share
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this 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 the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.