Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you to improve your performance within the field. This review will be taking an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Tim Sykes Harvard
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students as well as) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Harvard
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. You can create an account for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of experience. Tim Sykes Harvard
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the prominent experts were 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, texts, emails, 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Harvard
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you can create a private profile to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for those anticipating this level. Tim Sykes Harvard
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of those is its online store, where customers can pick from a range of video products created to provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items on its store online for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Tim Sykes Harvard
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through 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 chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Harvard
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes Harvard
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people 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 assist each other to grow and learn more about acquiring opportunities on the stock market left and right.