Stock trading can be an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes 808
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. 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 verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) allowing all users to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes 808
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward success. You can create an account on the site at no cost, however you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms along with text and e-mail alerts and 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 delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Timothy Sykes 808
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase in 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.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes 808
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Timothy Sykes 808
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with a 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users pick from a range of video products created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be more laid back and not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes 808
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- Since traders can choose 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 concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s a ‘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 intended to be created to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes 808
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes 808
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.