Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to where you were at your most productive. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your improvement in the market. In this review, we’ll 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 House
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 responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both 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 cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Tim Sykes House
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to prove value to a community of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you may decide to share your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of experience. Tim Sykes House
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; 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 highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes House
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for those anticipating this level. Tim Sykes House
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in the 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. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy 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 the in-house experts and members. Additionally, they can choose from the items in its online store to carry with them wherever they may be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the risky mix that come with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Tim Sykes House
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Tim Sykes House
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes House
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.