Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your most productive. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the market. This review will take a look at Profit.ly A well-respected one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy And Maryann Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed responsible, transparent, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus and students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy And Maryann Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward achievement. You may set up an account on the site for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up 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 their performance as a trading group as well as its gurus. It’s not only a chance to show your worth to a large group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text 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 involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds 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 expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for 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 most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Timothy And Maryann Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the prominent experts were 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: 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 look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy And Maryann Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself through 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 previous lessons. On top of that, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
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 get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics that could be a problem for some who may be anticipating this level. Timothy And Maryann Sykes
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be laid back and less engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as adept at managing trading but the experts already know how it works and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Timothy And Maryann Sykes
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 will be taught by experts and advice from the company’s in-house gurus, including 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 that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, 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 variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- 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 increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous features the platform is able to provide
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have curiosity. Timothy And Maryann Sykes
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy And Maryann Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.