The stock market can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were at your most productive. If you’re always in the mud, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Before I Fall Cast
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Before I Fall Cast
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to demonstrate value to a large group of traders, but you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish 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 wide range of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of experience. Timothy Sykes Before I Fall Cast
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single 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, 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Before I Fall Cast
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with other associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Timothy Sykes Before I Fall Cast
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Before I Fall Cast
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable 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 trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Timothy Sykes Before I Fall Cast
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s variety of resources helpful in their efforts to incur lesser loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Before I Fall Cast
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.