Stock trading is an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Timothy Sykes Alongside Gohan’S Namekian Mentor
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Alongside Gohan’S Namekian Mentor
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking pictures. Included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom as well as notifications via email or text 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 penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of experience. Timothy Sykes Alongside Gohan’S Namekian Mentor
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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 package. At $149.95 per month, it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional 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 profits. Timothy Sykes Alongside Gohan’S Namekian Mentor
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included 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 gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat 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 and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ statistics, which might be a drawback for some who may be anticipating this level. Timothy Sykes Alongside Gohan’S Namekian Mentor
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably 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 offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be laid back and less active, while another may be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at managing trading, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Alongside Gohan’S Namekian Mentor
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 an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might 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 may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Timothy Sykes Alongside Gohan’S Namekian Mentor
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Alongside Gohan’S Namekian Mentor
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard. It lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- 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 trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.