The stock market can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll take a look at Profit.ly is a well-known 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 Sykes Articles
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array 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 site for trading that serves both as a learning and education 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 range of resources for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries 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 tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Articles
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary 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 expertise, connect your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet 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 the term “penny stock” is a small business’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Timothy Sykes Articles
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast 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 on iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Articles
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown 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 the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll 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. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able view the statistics of other traders that might be a drawback for those eager to try this new tier. Timothy Sykes Articles
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can choose from a wide array of video products created to help you understand the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with 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 on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be laid back and less active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. 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 traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Articles
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Articles
What we mean”yes” is it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Articles
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance 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 users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.