Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were your most productive. 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 suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the industry. 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. 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 Young
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts and newsletter writers and students, and 2) allowing all users to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Young
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving success. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community and its experts. It’s not just a way to show your worth to a large group of traders, as you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts in the chatroom, 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 efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move into a larger market because they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are 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 with each other 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 helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of expertise. Tim Sykes Young
At its peak, 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 experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Young
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get 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 however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can create a private profile to share 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 to those who desire to develop their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those looking forward to this tier. Tim Sykes Young
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of instructional videos that are 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 is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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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 since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and less active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as 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 beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Young
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Tim Sykes Young
What we mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Young
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. 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 unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, 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 most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.