The stock market can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss 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 fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement within the field. We’ll be taking the time to 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.
Overall Rating: 4.1/5 Tim Sykes Hedge Fund
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its 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 site for trading that functions as a learning and training platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of advanced 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 worthwhile investments within the confines of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students as well as) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Hedge Fund
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared at achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready 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, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the 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.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of experience. Tim Sykes Hedge Fund
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: 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 we’ll take a 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 stock day trading through Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase from 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 most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Hedge Fund
The Superman Alerts plan is an package of vital 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 and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials 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 the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders at 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 beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics that could be a disadvantage for those who are eager to try this new tier. Tim Sykes Hedge Fund
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice 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 offer. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be more laid back and not very often active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items on its store online to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks 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 excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Hedge Fund
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Tim Sykes Hedge Fund
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Hedge Fund
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.