Stock trading is an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your best. If you are immersed in the water it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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 Than The Market
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide array of options 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 that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Than The Market
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving success. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities 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’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove your worth to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts in 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 trader who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Tim Sykes Than The Market
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
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 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with 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 Than The Market
The Superman Alerts plan is his offer of the most essential 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 and the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that cater to traders with 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 just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging 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, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to use the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those looking forward to this tier. Tim Sykes Than The Market
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of those is its 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 in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as well-equipped with managing trading but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced 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 Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Than The Market
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You will receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- 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 increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services the platform has to provide
The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you should have curiosity. Tim Sykes Than The Market
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful in their efforts to avoid losses and perform better 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 desire to be a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Than The Market
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard that allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.